- 29 -
the General Partnership to petitioner were made to protect
Redlands Hospital and Redlands Foundation from potential
creditors of the Surgery Center and to keep petitioner's and the
Surgery Center's activities free of the debt covenants of
Redlands Hospital.
Petitioner’s articles of incorporation state in relevant
part:
ONE: The name of this Corporation is REDLANDS SURGICAL
SERVICES.
TWO: This Corporation is a nonprofit public benefit
corporation and is not organized for the private
gain of any person. It is organized under the
Nonprofit Public Benefit Corporation Law for
charitable purposes. The corporation is organized
solely for the benefit of, and to carry out the
charitable purposes as stated in the respective
Articles of Incorporation of (a) RHS Corp., a
California nonprofit corporation, (b) Redlands
Community Hospital, a California nonprofit
Corporation, and (c) Redlands Community Hospital
Foundation, a California nonprofit corporation.
* * * * * * *
FOUR: (a) The property of this corporation is
irrevocably dedicated to charitable purposes, and
no part of the net income or assets of this
corporation shall ever inure to the benefit of any
director, officer or member of this corporation,
or to the benefit of any private individual.
* * * * * * *
FIVE: (a) This corporation is organized exclusively for
charitable purposes within the meaning of Section
501(c)(3) of the Internal Revenue Code.
Notwithstanding any other provisions of these
Articles, the corporation shall not carry on any
activities not permitted to be carried on (i) by a
corporation exempt from Federal income tax under
Page: Previous 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 NextLast modified: May 25, 2011